Payment Technologies Drive Crane Co to Sales, Profit Growth in

US technologies firm Crane Co has reported a 15% year-on-year increase in sales to US$3.18 billion in 2021, including a 21.8% improvement to US$1.35 billion in its Payment and Merchandising Technologies segment, which provides payment technology to the global gaming industry.

Profit for the year surged by 109% to US$502 million of which US$307.5 million came from Payment and Merchandising Technologies, up 90% compared with 2020.

Crane Co’s FY21 results included 4Q21 sales of US$770.5 million and operating profit of US$87.1 million, up 12.7% and 61.6% respectively. In the Payment and Merchandising Technologies segment, 4Q21 sales grew 11.0% to US$313.7 million and profit by 89.6% to US$60.1 million.

Source: https://www.asgam.com/index.php/2022/01/25/payment-technologies-drive-crane-co-to-sales-profit-growth-in-2021/